Job prospects Accounts Payable Manager in Ontario

Explore current and future job prospects for people working as an "Accounts payable manager" in Ontario or across Canada.

Job opportunities in Ontario

These outlooks were updated on December 11, 2024.

Prospects over the next 3 years

The employment outlook will be moderate for Financial managers (NOC 10010) in Ontario for the 2024-2026 period.

The following factors contributed to this outlook:

• Employment growth will lead to a moderate number of new positions.
• A moderate number of positions will become available due to retirements.
• There are a moderate number of unemployed workers with recent experience in this occupation.

What Types of Employers Are Out There?

• Employed across all major sectors of the economy, with the leading share in the finance and insurance services industry, notably in banks
• Other key employers are accounting, tax preparation and bookkeeping firms, and the manufacturing sector

 

What are the Main Trends Affecting Employment?

• As these professionals are employed in a range of roles across many sectors, job prospects should be relatively stable over the forecast period
• Operational shifts in financial services may constrain potential job growth in this sector

 

What Skills Do I Need to Succeed?

• Accounting and auditing managers may require a recognized accounting designation
• Candidates with several years of experience in financial analysis will be at an advantage

What Other Information Will I Find Helpful?

• The Toronto economic region accounts for an above-average share of financial managers in Ontario (62%). 

Here are some key facts about Financial managers in Ontario:

• Approximately 29,500 people work in this occupation.
• Financial managers mainly work in the following sectors:
  • Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 24%
  • Accounting, tax preparation, bookkeeping and payroll services (NAICS 5412): 7%
  • Wholesale trade (NAICS 41): 5%
• 86% of financial managers work all year, while 14% work only part of the year, compared to 63% and 37% respectively among all occupations. Those who worked only part of the year did so for an average of 48 weeks compared to 43 weeks for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 43% compared to 52% for all occupations
  • Women: 56% compared to 48% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: less than 5% compared to 9% for all occupations
  • high school diploma or equivalent: 10% compared to 25% for all occupations
  • apprenticeship or trades certificate or diploma: less than 5% compared to 8% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 17% compared to 22% for all occupations
  • bachelor's degree: 45% compared to 24% for all occupations
  • university certificate, degree or diploma above bachelor level: 26% compared to 13% for all occupations

Breakdown by region

Explore job prospects in Ontario by economic region.

Source Labour Market Information | Prospects Methodology

Job prospects elsewhere in Canada

Explore current and future job prospects for people working as an "Accounts payable manager" Financial managers (NOC 10010) or across Canada.

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